EX-12.1 3 dex121.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement of Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

COMPUTATION OF DEFICIENCY OF EARNINGS TO FIXED CHARGES

(in thousands, except for ratios)

 

    Six Months
Ended
June 30,
2010
    2009     2008     2007     2006     2005     2004  

Deficiency of Earnings to Fixed Charges:

             

Loss before Income Taxes

  $ (1,728   $ (9,818   $ (17,052   $ (16,885   $ (13,395   $ (5,442   $ (3

Add: fixed charges

          —          —          —          —     

Earnings, as defined

  $ (1,728   $ (9,818   $ (17,052   $ (16,885   $ (13,395   $ (5,442   $ (3

Interest expense

  $ (2   $ (6,340   $ (550     —          —          —          —     

Fixed charges

  $ —        $ —        $ —        $ —        $ —        $ —          —     

Excess (deficiency) of Earnings to fixed charges

  $ (1,730   $ (16,158   $ (17,602   $ (16,885   $ (13,395   $ (5,442   $ (3

For purposes of computing the deficiency of earnings available to cover fixed charges, fixed charges represent interest expense, the portion of operating lease rental expense that is considered by us to be representative of interest and amortization of discount related to indebtedness; earnings are defined as net loss from continuing operations before income taxes plus fixed charges; deficiency of earnings consists of loss before income taxes. Historically we have incurred no fixed costs.